N25bn ETF a turning point in engaging youths, unemployed – Ambode

Governor Akinwunmi Ambode of Lagos State on Thursday portrayed the foundation of the Employment Trust Fund (ETF) as a defining moment in the state.

Ambode talked at the Lagos House, Alausa while initiating the leading group of the ETF and the state Civil Service Commission.

He said it was a defining moment in the responsiveness of government to the desires of the adolescents and other unemployed individuals in the state.


The Governor stressed that the organization of the asset would be guided by worldwide best practices, however cautioned that it is accessible to just individuals who were from the state and occupants.

Ambode said that recipients would be chosen in light of the quality of their applications.

"I ask all Lagosians, particularly our young business visionaries and artisans, to grasp this open door.

"The procedure of getting to the asset must be straightforward, and recipients will be picked just on the quality and nature of their applications.

"The administration of this asset will be guided by worldwide best practices and strict adherence to the standards and systems spelt out in the law," Ambode said.

The Governor said that the state government would infuse N25 billion into the asset over a four year period.

"Individual Lagosians, this activity has been intended to succeed. Our legislature will submit N6.25billion consistently inside of the four years of this organization to an aggregate of N25billion.

"Understanding that the main year of this organization is only three months away, exactly on May 29, 2016, the Commissioner for Finance is therefore coordinated to exchange the total of N6.25b to the ETF quickly today," he said.

Ambode tasked individuals from the board to begin working quickly with the goal that occupants would feel the effect of the asset, which as indicated by him, would be measured by the quantity of fruitful organizations financed.

"Each senatorial zone of the state must feel the positive effect of the asset. The board must guarantee that the conveyance of the asset is uniformly spread over the state," he said.

The Governor likewise asked people, corporate associations and multi-sidelong offices to join his organization in pivoting the fortunes of the adolescents.

He said by so doing, they would empower the state and support the economy of the country all in all.

The 10-part board is led by a previous Chairman of the Federal Inland Revenue Service (FIRS) Mrs Ifueko Omoigui-Okauru.

Omoigui-Okauru, in her comments, expressed gratitude toward Ambode for the chance to serve the general population.

She guaranteed him that she would buckle down with individuals from the board to satisfy the senator's battle guarantees, as well as would convey want to the abounding adolescents of the state.

Omoigui-Okauru said that the board would guarantee full consistence with the procurements of the law setting up the ETF.

In another improvement, Gov. Ambode likewise educated the Board regarding the state Civil Service Commission led by a previous

Tutor- General and Permanent Secretary, Mrs Taiwo Oyemade to release its obligations with steadiness.

He asked individuals from the board to show trustworthiness to guarantee polished skill in the state open administration.